AVATAR Industries Ltd
Incorporated in 1992, ASL Industries Ltd manufactures and trades Automobiles parts, Parts of Railway or tramway and other related services including Jobwork[1]
- Market Cap ₹ 104 Cr.
- Current Price ₹ 100
- High / Low ₹ 119 / 33.9
- Stock P/E 453
- Book Value ₹ 33.9
- Dividend Yield 0.00 %
- ROCE 0.26 %
- ROE 0.26 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.95 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.00% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31.25 | 44.74 | 55.66 | 56.45 | 70.76 | 67.27 | 13.42 | 10.46 | 8.15 | -0.02 | -0.19 | 0.00 | 0.00 | |
| 29.85 | 41.35 | 50.06 | 48.54 | 67.85 | 65.38 | 14.29 | 12.10 | 8.74 | 0.41 | 0.57 | 0.27 | 0.13 | |
| Operating Profit | 1.40 | 3.39 | 5.60 | 7.91 | 2.91 | 1.89 | -0.87 | -1.64 | -0.59 | -0.43 | -0.76 | -0.27 | -0.13 |
| OPM % | 4.48% | 7.58% | 10.06% | 14.01% | 4.11% | 2.81% | -6.48% | -15.68% | -7.24% | ||||
| 0.14 | 0.24 | 0.29 | 0.21 | 0.46 | 0.16 | 5.21 | 2.84 | 2.55 | 2.61 | 1.25 | 0.36 | 0.34 | |
| Interest | 1.48 | 1.79 | 2.37 | 3.73 | 3.16 | 2.96 | 1.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 1.17 | 1.75 | 2.92 | 3.40 | 3.43 | 3.83 | 0.35 | 0.22 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Profit before tax | -1.11 | 0.09 | 0.60 | 0.99 | -3.22 | -4.74 | 2.44 | 0.98 | 1.95 | 2.17 | 0.48 | 0.09 | 0.21 |
| Tax % | -27.93% | 111.11% | 20.00% | 49.49% | -31.06% | -28.27% | 11.89% | 60.20% | 22.56% | 25.35% | 25.00% | 11.11% | |
| -0.79 | 0.00 | 0.48 | 0.49 | -2.22 | -3.40 | 2.15 | 0.39 | 1.51 | 1.63 | 0.36 | 0.09 | 0.23 | |
| EPS in Rs | -19.58 | 0.00 | 6.30 | 0.64 | -2.13 | -3.26 | 2.06 | 0.37 | 1.45 | 1.56 | 0.35 | 0.09 | 0.22 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | -61% |
| TTM: | 667% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 66% |
| 1 Year: | 137% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 2% |
| 3 Years: | 2% |
| Last Year: | 0% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.04 | 7.62 | 7.62 | 7.62 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 | 10.42 |
| Reserves | 9.11 | 17.58 | 17.98 | 18.48 | 23.26 | 19.75 | 21.23 | 21.16 | 22.67 | 24.31 | 24.61 | 24.62 | 24.88 |
| 12.04 | 21.36 | 31.04 | 33.09 | 28.42 | 26.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 5.11 | 9.67 | 10.05 | 12.10 | 13.45 | 7.11 | 4.55 | 0.44 | 0.06 | 0.37 | -0.04 | 0.10 | 0.10 | |
| Total Liabilities | 30.30 | 56.23 | 66.69 | 71.29 | 75.55 | 63.30 | 36.20 | 32.02 | 33.15 | 35.10 | 34.99 | 35.14 | 35.40 |
| 17.52 | 32.98 | 37.87 | 37.59 | 37.93 | 40.49 | 2.73 | 0.03 | 0.03 | 0.02 | 0.02 | 0.00 | 0.00 | |
| CWIP | 0.15 | 1.66 | 2.10 | 5.40 | 5.67 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.00 | 0.00 |
| 12.59 | 21.55 | 26.68 | 28.26 | 31.91 | 22.77 | 33.43 | 31.95 | 33.08 | 35.04 | 34.93 | 35.14 | 35.40 | |
| Total Assets | 30.30 | 56.23 | 66.69 | 71.29 | 75.55 | 63.30 | 36.20 | 32.02 | 33.15 | 35.10 | 34.99 | 35.14 | 35.40 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.16 | -4.26 | 0.26 | 13.15 | -2.42 | 4.62 | -17.24 | -4.25 | -0.69 | 0.36 | -0.30 | -0.02 | |
| -0.45 | -18.84 | -5.49 | -6.44 | -3.76 | -0.85 | 42.89 | 4.13 | 0.02 | 0.00 | 0.00 | 0.06 | |
| -6.10 | 23.54 | 5.88 | -7.24 | 5.98 | -4.23 | -24.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Cash Flow | -2.39 | 0.44 | 0.65 | -0.54 | -0.20 | -0.46 | 0.68 | -0.12 | -0.67 | 0.36 | -0.30 | 0.04 |
| Free Cash Flow | 3.57 | -22.93 | -8.17 | 6.65 | -6.31 | 3.82 | 24.50 | -0.96 | -0.69 | 0.36 | -0.30 | 0.00 |
| CFO/OP | 298% | -126% | 5% | 168% | -77% | 244% | 1,982% | 240% | 117% | -84% | 32% | -19% |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11.68 | 31.74 | 35.15 | 36.14 | 39.41 | 26.53 | 97.64 | 130.86 | 4.03 | -547.50 | -38.42 | |
| Inventory Days | 136.30 | 131.67 | 178.21 | 213.35 | 172.40 | 116.14 | 281.74 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Days Payable | 46.50 | 24.50 | 76.33 | 107.36 | 90.32 | 43.38 | 12.20 | |||||
| Cash Conversion Cycle | 101.48 | 138.91 | 137.03 | 142.13 | 121.49 | 99.29 | 367.17 | 130.86 | 4.03 | -547.50 | -38.42 | |
| Working Capital Days | 72.53 | -27.33 | -5.77 | -32.46 | -2.48 | -23.39 | 715.04 | 1,062.20 | 1,465.82 | 621,777.50 | 66,756.58 | |
| ROCE % | 1.40% | 5.24% | 6.01% | 8.20% | -0.35% | -2.89% | -0.75% | -0.09% | 6.03% | 6.40% | 1.38% | 0.26% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Actual Production - Press Shop (Sheet Metal) Metric Tonnes per Annum |
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| Capacity Utilization - Press Shop (Sheet Metal) % |
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| Installed Capacity - Press Shop (Sheet Metal) Metric Tonnes per Annum |
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| Total Permanent Employees (On-roll) Number |
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| Actual Production - Forging Division Metric Tonnes per Annum |
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| Capacity Utilization - Forging Division % |
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| Installed Capacity - Forging Division Metric Tonnes per Annum |
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| Revenue Concentration - Largest Client (Tata Motors) % |
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Extracted by Screener AI
Documents
Announcements
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Press Release
24 April 2026 - ASL Industries rebrands as AVATAR Industries, targeting AI, software, analytics and digital infrastructure.
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Appointment
23 April 2026 - Richa Rathod appointed Managing Director and CFO from 23 April 2026; statutory auditor also appointed.
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Appointment
23 April 2026 - Board appointed Richa Rathod as MD and CFO from 23 April 2026; auditor vacancy also filled.
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Outcome of Board Meeting
23 April 2026 - Richa Rathod appointed Managing Director and CFO; new statutory auditor appointed effective 23 April 2026.
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Appointment
23 April 2026 - Richa Rathod appointed Managing Director and CFO; new statutory auditor appointed effective 23 April 2026.
Business Overview:[1][2]
Company deals in iron and steel, sheet metal components, forged components, and assemblies and is an authorized sales and service dealer for TML. It is an OEM of sheet metal Pressing & Deep drawing, Machined Assemblies Fabricated Auto Component and forge Products for Railways, Defence, and Automobiles. Company provides one stop solution from metal forming to assembly under one roof along with logistics and just-in-time solutions